Unstake

What does 'unstaking' mean? ​

Unstaking refers to the process of initiating the withdrawal of your staked assets. When you unstake HBARX, you begin the process of converting your HBARX tokens back to HBAR. Once the unstaking process is complete, you can claim your HBAR from the Withdraw tab by clicking on the "Withdraw" button.

What is the procedure to 'approve unstaking'?​

Initiating 'unstake approval' is your first step towards unstaking your HBARX tokens. This procedure involves providing confirmation through your wallet, thereby giving Stader Protocol the necessary permissions to handle the HBARX tokens you're looking to exchange for the equivalent staked HBAR based on the exchange rate. It's crucial to understand that, in this step, no updates are made to your BNBx holdings. The Stader protocol simply gains the necessary permissions to interact with your tokens for the unstaking process. Rest assured, there's no inherent risk associated with this step.

Do I still accrue rewards during the unstaking period?​

No, during the unstaking process, your HBARX tokens no longer earn staking rewards. The reward accumulation ceases when the unstaking procedure is initiated.

How do I calculate the amount I'll receive when unstaking? ​

The value you receive when unstaking is determined by the exchange rate either at the unstake time or the finalization time, whichever is the minimum. For instance, if the exchange rate stands at 1.05, you'll receive 1.05 HBAR for every HBARX you unstake.

What is the 'unstaking period'? ​

The 'unstaking period' refers to the duration required to convert your HBARX back into HBAR. Unstake requests are typically processed after 24 hours

What should I do after requesting to unstake? ​

After initiating an unstake request, your next step is to wait for the unstaking period to conclude. Once completed, you'll be able to claim your unstaked HBAR in the Withdraw tab by clicking on the "Withdraw" button.